It's probably true that the subsidies have little effect on world
petroleum pricing. However, the main point is to let extraction and
refining companies pay the actual price to do their business. Early on,
it made sense to subsidize that industry - to develop and build out a
petroleum industry (ok, it might have been better to build out an
electrical infrastructure, but different discussion) in its early
stages. It doesn't need that now and we know that we need to be
investing in new renewables infrastructure. I believe anything we can do
to help that change would be beneficial.
If energy extraction companies find it unprofitable to explore and drill
for oil, they will likely become big investors in wind and solar. It's
either that or ultimately go out of business. The more theses companies
support renewables, the sooner EVs become truly clean.
Peri
<< Annoyed by leaf blowers ? https://quietcleanseattle.org/ >>
------ Original Message ------
From: "paul dove via EV" <[email protected]>
To: "Electric Vehicle Discussion List" <[email protected]>
Cc: "paul dove" <[email protected]>; "Lawrence Rhodes"
<[email protected]>
Sent: 17-Jul-21 04:15:27
Subject: Re: [EVDL] Fossil fuel gets over 600 billion a year.
FACT: Variations in gas prices are driven by the world market, and are not
dependent on U.S. government policies. This includes the existing subsidies for
the oil and gas industry according to multiple studies that have found that
repealing oil and gas subsidies would have only a marginal impact on gas
prices. Assistant Secretary of the Treasury Alan Krueger estimated in 2009 that
“eliminating [oil and gas subsidies] would have an insignificant effect on
world oil prices.”1 Analysis by the think tank Resources for the Future arrived
at a similar conclusion, finding that eliminating oil and gas tax preferences
would increase the world oil price by just 10 cents per barrel in 2030.2 This
minimal increase in cost would translate to an extra expenditure of $2.17 per
year on petroleum products for the average U.S. consumer.3 At the same time,
the U.S. government – by eliminating unnecessary subsidies for oil and gas -
would be saving on the order of $10 billion per year4 that could be invested in
other national priorities like defense, transportation, or alternative energy
Oil & Gas Subsidies: Myth vs. Fact
https://usa.oceana.org/oil-gas-subsidies-myth-vs-fact
Sent from AT&T Yahoo Mail for iPhone
On Friday, July 16, 2021, 10:27 PM, Lawrence Rhodes via EV <[email protected]>
wrote:
Without subsidies gasoline would cost $12.75 a gallon. Biden is threatening to
end them. It's time to question ownership of fossil fuel vehicles. Could be a
gotcha coming for those unaware. Lawrence Rhodes
https://www.greenpeace.org/usa/ending-the-climate-crisis/everything-you-need-to-know-about-fossil-fuel-subsidies/
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